Home United States USA — IT VanEck Advisor Expresses Dismay in GameStop’s Rally, Deems Bitcoin Better than TradFi

VanEck Advisor Expresses Dismay in GameStop’s Rally, Deems Bitcoin Better than TradFi

106
0
SHARE

Gurbacs hailed the Bitcoin ecosystem as superior in his post, sparking significant debate within the global crypto community.
Gabor Gurbacs, an advisor at VanEck, recently took to social media platform X to criticize the Traditional Finance (TradFi) system. His criticism hinges on the recent wave made by GameStop meme stock’s rally. 
Gurbacs hailed the Bitcoin ecosystem as superior in his post, sparking significant debate within the global crypto community. This commentary comes amid intense scrutiny of digital assets by the SEC while meme stocks like GameStop continue to trend.The Bitcoin and TradFi Debate
Gurbacs specifically pointed to the resurgence of GameStop stock, which surged over 40%. This rise followed an announcement by Keith Gill, also known as “The Roaring Kitty,” who revealed plans for a live stream on YouTube.
In stark contrast, Berkshire Hathaway (NYSE: BRK.B) saw its stock plummet by 99% during the same week. Gurbacs argued that such a stark divergence invalidates any criticisms that regulators might have against Bitcoin.

Continue reading...